Patek Philippe - The Geneva Watch Auction: XVI Geneva Saturday, November 5, 2022 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 2004
    Reference No: 5016J-011
    Movement No: 1'905'089
    Case No: 4'214'395
    Material: 18k yellow gold
    Calibre: Manual, cal. RTO 27 PS QR, 28 jewels
    Bracelet/Strap: Alligator
    Clasp/Buckle: 18k yellow gold deployant clasp
    Dimensions: 37mm Diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by fitted box, Patek Philippe Certificate of Origin, large leather folio, poinçon de Genève certificate, product literature, additional solid caseback, setting pin and outer packaging.

  • Catalogue Essay

    Patek Philippe has always been the go-to brand by the cognoscenti for not only elegant and refined timepieces but also for complicated timepieces of sotto voce sophistication.

    Reference 5016 was launched in 1993 and was at the time the most complicated watch produced by the company, featuring a minute repeater, a perpetual calendar with retrograde date and a tourbillon. It wasn’t until 2001 and the launch of reference 5002 – the Sky Moon Tourbillon – that Patek Philippe presented a more complicated piece.

    Produced in yellow, white and rose gold, as well as platinum, the watches featured silvered or black dials with the movement number printed below the moon phase – a nod to the observatory chronometer pocket watches of yesteryear. It is believed that approximately 200 examples were manufactured until production ended in 2011.

    The movement of the reference 5016 is composed of over 500 individual components, all hand-finished to perfection. The dial features a rare retrograde date sector, which Patek Philippe featured on a few select, future references including the 5050, 5059, 5159 and 5160. The minute repeating function has an exceptional tone, fullness, and cadence.

    Housed in a relatively compact 37mm case, the expansive layout and arched lugs allows for significant presence on the wrist without any hint of ostentatiousness.

    The present reference 5016 in yellow gold is fresh to the market and one of only 12 yellow gold examples known.

    Reference 5016 is a timepiece of incredible appeal and rarity, a watch that many covet but only few can possess. One example, most notably in stainless steel was sold at the Phillips Only Watch sale in Geneva in 2015 for 7,300,000 CHF.

  • Artist Biography

    Patek Philippe

    Swiss • 1839

    Since its founding in 1839, this famous Geneva-based firm has been surprising its clientele with superbly crafted timepieces fitted with watchmaking's most prestigious complications. Traditional and conservative designs are found across Patek Philippe's watches made throughout their history — the utmost in understated elegance.

    Well-known for the Graves Supercomplication — a highly complicated pocket watch that was the world’s most complicated watch for 50 years — this family-owned brand has earned a reputation of excellence around the world. Patek's complicated vintage watches hold the highest number of world records for results achieved at auction compared with any other brand. For collectors, key models include the reference 1518, the world's first serially produced perpetual calendar chronograph, and its successor, the reference 2499. Other famous models include perpetual calendars such as the ref. 1526, ref. 3448 and 3450, chronographs such as the reference 130, 530 and 1463, as well as reference 1436 and 1563 split seconds chronographs. Patek is also well-known for their classically styled, time-only "Calatrava" dress watches, and the "Nautilus," an iconic luxury sports watch first introduced in 1976 as the reference 3700 that is still in production today.

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Σ88

Ref. 5016J-011
A superlative, extremely rare and important yellow gold minute repeating perpetual calendar wristwatch with tourbillon, retrograde date, moon phases, Breguet numerals, additional caseback, setting pin, certificate of origin, and presentation box

2004
37mm Diameter
Case, dial, movement and clasp signed

Estimate
CHF250,000 - 500,000 
€257,000-515,000
$250,000-501,000

Sold for CHF529,200

Contact Specialist

Alexandre Ghotbi
Head of Watches, Continental Europe and the Middle East
+41 22 317 81 81
[email protected]
 

Tiffany To
Head of Sale, Geneva
+41 22 317 96 63
[email protected]

The Geneva Watch Auction: XVI

Geneva Auction 5 - 6 November 2022